Pelican Bay – Naples Florida – The Naples Board of Realtors recently released the September 2012 real estate statistics. While these statistics might not be specific to Pelican Bay, it is always a good idea to view the entire real estate market. Buyers today look at many different areas before making a decision. Let’s take a look at the 12-month period ending 9/2012 for condominiums and single family homes.
CONDOMINIUMS BY PRICE
| SOLD PRICE RANGES | % OF SALES |
| $0-$300K | 73.5% |
| $300K – $500K | 12.1% |
| $500K – $1M | 9.5% |
| $1M – $2M | 3.7% |
| $2M+ | 1.1% |
Median Price increased from $160K to $165K
Average Day on Market increased from 175 to 182
CONDOMINIUMS BY AREA
| AREA | % OF SALES | MEDIAN SOLD PRICE | AVERAGE DAYS ON MARKET |
| Naples Beach | 24.7 | 452K | 239 |
| North Naples | 29.0 | 168K | 160 |
| Central Naples | 19.1 | 115K | 166 |
| South Naples | 17.4 | 115K | 168 |
| East Naples | 9.8 | 190K | 177 |
Pelican Bay is considered the Naples Beach area. By looking at these charts for condominium, you can see that if you have a condo to sell in the Naples Beach area, the median sales price is currently $452,000.00 taking an average of 239 days to sell. As the median sales price in all of Naples is $165,000.00 with 73.5% of all sales under $300,000.00, I think you can see why the market time is so high for the Naples Beach areas.
SINGLE FAMILY HOMES
| SOLD PRICE RANGES | % OF SALES |
| $0-$300K | 61.9% |
| $300K – $500K | 16.3% |
| $500K – $1M | 12.2% |
| $1M – $2M | 5.9% |
| $2M+ | 3.8% |
Median Sales Price increased from $212,000.00 to $229,000.00
Average Days on the Market decreased from 168 to 165
SINGLE FAMILY HOMES BY AREA
| AREA | % OF SALES | MEDIAN SOLD PRICE | AVERAGE DAYS ON MARKET |
| Naples Beach | 16.1% | 595K | 211 |
| North Naples | 24.1% | 350K | 165 |
| Central Naples | 19.8% | 150K | 152 |
| South Naples | 12.5% | 163K | 173 |
| East Naples | 26.6 | 137K | 149 |
Once again, you can see why the market time for the Naples Beach area is so high in comparison to the rest of the market. Since the median sold price in the Naples Beach area is $595K, it is much higher than the median sold price for all of Naples.
The good news in looking at all these reports is that the inventories in both condominiums and single family homes are decreasing in Naples. Multiple offers are happening in the lower price ranges.
Will 2013 be the year you decide to sell your Pelican Bay home? With interest rates so low, now is the time to think about moving up to a larger unit in Pelican Bay.
Should you be thinking of selling your home in Pelican Bay and want a candid assessment of what it would take to sell your home in today’s market, I would be happy to provide you with a free market evaluation. Feel free to call me at 239-594-2780 or e-mail me at Lynn@NaplesBuys.com
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About the author:
Lynn Wilber is a Real Estate Professional who lives in Pelican Bay. Her 34 years of real estate experience and her area expertise have been valuable resources to Pelican Bay Sellers and Buyers. For more information, please contact Lynn Wilber via e-mail at Lynn@NaplesBuys.com or call 239-594-2780 .
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